BABYLON SUPERMARKET LIMITED
|
Registered Number
:
07560452
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
BABYLON SUPERMARKET LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
BABYLON SUPERMARKET LIMITED
Statement of Financial Position
2020
2021
4,000
4,400
2
Property
,
plant and equipment
|
79,956
67,129
3
83,956
71,529
80,000
100,000
4
Trade and other receivables
|
3,812
200
5
18,027
Cash and cash equivalents
|
22,920
123,120
101,839
Trade and other payables
:
amounts falling due within one
|
year
|
(86,395)
(35,340)
6
15,444
87,780
Net current assets
Total assets less current liabilities
|
171,736
86,973
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(50,000)
7
121,736
Net assets
86,973
1
1
121,735
86,972
121,736
86,973
Shareholders' funds
For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 12 February 2022 and were signed by:
|
1 of 5
For the year ended 31 March 2021
BABYLON SUPERMARKET LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2021
BABYLON SUPERMARKET LIMITED
Notes to the Financial Statements
Statutory Information
BABYLON SUPERMARKET LIMITED is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
07560452
.
|
164-168 HESSLE ROAD
HULL
HU3 3AD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Fixtures and fittings
Government grants
Government grants received are credited to the statement of profit and loss and are in relation to the Coronavirus pandemic.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 5
For the year ended 31 March 2021
BABYLON SUPERMARKET LIMITED
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
8,000
8,000
3,600
400
Charge for year
4,000
4,000
4,400
3
.
Property
,
plant and equipment
|
Motor vehicles
94,723
1,667
7,400
85,656
20,512
-
-
20,512
106,168
7,400
1,667
115,235
Provision for depreciation and impairment
|
27,594
14
6,433
21,147
Charge for year
7,685
165
241
7,279
35,279
179
6,674
28,426
77,742
726
1,488
79,956
64,509
967
1,653
67,129
2020
2021
100,000
80,000
4 of 5
For the year ended 31 March 2021
BABYLON SUPERMARKET LIMITED
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2020
2021
-
1,528
200
2,284
3,812
200
6
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
(1)
38,145
Taxation and social security
|
33,256
3,478
2,085
44,772
35,340
86,395
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
50,000
-
8
.
Average number of persons employed
|
During the year the average number of employees was 10 (2020 : 8)
5 of 5